NAICS 53

Real Estate and Rental and Leasing in Phoenix-Mesa-Chandler, AZ

Metro Market Score 60.1 (Difficult), ranked #274 of 330 metros. 9,713 establishments, 47,478 jobs.

Metro Market Score 60.1

Favorable 0-35

Moderate 35-48

Challenging 48-60

Difficult 60+

Difficult

ⓘ Lower is better. Relative to national real estate and rental and leasing average.

💰High-Cost Market

Phoenix-Mesa-Chandler scores 60.1 on the Metro Market Score for real estate and rental and leasing, placing it in the bottom quartile. High wage costs, strong existing competition, or slowing growth contribute to tougher entry conditions compared to most metros.

Industry Concentration

92.4

LQ: 1.30

Rank #305 of 330 metros

Wage Competitiveness

93.9

$78,981 avg wage

Growth Trend

↑ 67.0

Employment growth index

Rank #110 of 330 metros

Wage Pressure

18.2

YoY wage change index

9,713 Real Estate and Rental and Leasing Firms in Phoenix-Mesa-Chandler

9,713

Establishments

+1.1% YoY

47,478

Total Employment

+2.5% YoY

$78,981

Average Annual Wage

+4.4% YoY

1.30

Location Quotient

Above national avg

Within Arizona

#7 of 7

real estate and rental and leasing metros in state

Arizona state rank

#46 of 51

for real estate and rental and leasing entry risk

vs State Median

+23.0

worse than median (37.1)

Phoenix-Mesa-Chandler vs Arizona Statewide

How this metro's real estate and rental and leasing market compares to Arizona overall. The state ranks #46/51 for entry risk.

Measure	Phoenix-Mesa-Chandler	AZ Statewide
Overall Score	60.1 Difficult	52.4 Elevated
Score Type	Metro Market Score	Entry Risk Score
Rank	#274 of 330 metros	#46 of 51 states

Metro and state scores use different methodologies (metro has 4 QCEW-based metrics; state adds BDS survival and momentum data). Direct score comparisons are approximate.

Other Industries in Phoenix-Mesa-Chandler

Healthcare and Social Assistance 43.6 Other Services 49.6 Construction 55.5 Accommodation and Food Services 55.9 Retail Trade 58.7 Professional, Scientific, and Technical Services 62.3 Administrative and Support Services 66.5 Finance and Insurance 67.0 Information 73.1

Real Estate and Rental and Leasing in Other Arizona Metros

Yuma 24.6 #41/330 Lake Havasu City-Kingman 29.9 #68/330 Flagstaff 32.0 #80/330 Sierra Vista-Douglas 37.1 #113/330 Prescott Valley-Prescott 48.0 #202/330 Tucson 53.3 #241/330

Real Estate and Rental and Leasing Metros With Similar Conditions

Metros within 5 points of Phoenix-Mesa-Chandler's 60.1 score. Useful when comparing markets with comparable entry profiles.

Springfield, MA 60.2 #275/330 Miami-Fort Lauderdale-West Palm Beach, FL 60.2 #276/330 Hilton Head Island-Bluffton-Port Royal, SC 59.9 #273/330 Mobile, AL 60.5 #277/330 Washington-Arlington-Alexandria, DC 60.5 #278/330 Boise City, ID 60.6 #279/330 Trenton-Princeton, NJ 59.5 #271/330 Shreveport-Bossier City, LA 59.5 #272/330 Pittsburgh, PA 59.5 #270/330 Wildwood-The Villages, FL 59.2 #269/330

Real Estate and Rental and Leasing in States Bordering Arizona

State-level entry risk for real estate and rental and leasing in adjacent states. Use this to weigh cross-border options.

Utah 46.6 #38/51 California 47.1 #39/51 Colorado 52.1 #44/51 New Mexico 52.3 #45/51 Nevada 61.9 #51/51

Browse Real Estate and Rental and Leasing in Other States

State-level entry risk reports for real estate and rental and leasing across all 51 markets, sorted by rank.

About Metro Market Score: A weighted composite of industry concentration (25%), wage competitiveness (25%), wage pressure (20%), and employment growth trend (30%). Lower scores indicate more favorable conditions. For Phoenix-Mesa-Chandler's real estate and rental and leasing sector, the wage competitiveness component (93.9) has the strongest pull on the composite. Metro scores use QCEW data only (no BDS survival data at metro level). Read full methodology →

Data Sources

Quarterly Census of Employment and Wages (QCEW), Bureau of Labor Statistics. MSA-level establishment counts, employment, wages, and location quotients for the Phoenix-Mesa-Chandler, AZ MSA area.

Data period: 2024. Last updated: April 2026.

Metro Market Assessment